An important problem for governments around the world is how to deal with the balance of public finances. Especially during the last 30 years, public finances have come under considerable strain, due to high spending obligations, for example for pensions or health care. To deal with raising...

Economics have devoted relatively little attention to explaining why some state and local governments choose more progressive fiscal instruments than others. This paper provides an empirical model to identify the determinants of income redistribution as a budgetary choice, and estimates the...

Chapter 1: Background and Emerging Challenges -- Chapter 2: Theory of Fiscal Federalism and Local Fiscal Domain -- Chapter 3: Fiscal Decentralization and Local Area Corporate Social Responsibility -- Chapter 4: Globalization, Climate Change and Changing Face of Urban Public Finance -- Chapter 5:...